During February 2011, Its First Month of Operations, the Owner

question 136

Multiple Choice

During February 2011, its first month of operations, the owner of Alona Enterprises invested cash of $50,000.Alona had cash revenues of $8,000 and paid expenses of $14,000.Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28?

• A)$6,000 credit
• B)$44,000 debit
• C)$58,000 debit
• D)$36,000 credit

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Definitions:

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge, etc.—to oneself and to others and to understand that others have beliefs, desires, intentions, and perspectives that are different from one's own.

False Belief

An understanding that others can hold beliefs or perspectives that are different from one's own, even if those beliefs are incorrect; a critical aspect of theory of mind.

Mental Perspective

An individual's point of view or way of regarding situations, facts, etc., which impacts their thoughts and behaviors.

Autism Spectrum Disorder

A range of neurodevelopmental conditions characterized by challenges with social communication, repetitive behaviors, and restricted interests.